Precious Metal Prices

Precious metals explained

A precious metal is a rare, naturally occurring metallic chemical element of high economic value, which is not radioactive (excluding natural polonium, radium, actinium and protactinium). Chemically, the precious metals are less reactive than most elements, have high lustre, are softer or more ductile, and have higher melting points than other metals. Historically, precious metals were important as currency, but are now regarded mainly as investment and industrial commodities. Gold, silver, platinum, and palladium each have an ISO 4217 currency code.
The best-known precious metals are gold and silver. While both have industrial uses, they are better known for their uses in art, jewellery and coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. [1] During the last decades, the use of platinum, palladium and ruthenium as chemical catalysts has steadily risen.The demand for precious metals is driven not only by their practical use, but also by their role as investments and a store of value. Historically, precious metals have commanded much higher prices than common industrial metals. In January 2009, gold was about $840.00/troy ounce and silver was about $11.00/troy ounce, compared to copper at $0.11/troy ounce and nickel at $0.36/troy ounce.
In the early part of the 21st century, precious metal prices rose significantly and recycling precious metals became more and more attractive. Some companies have been doing recycling for many years, such as Sabin Metal Corporation (since 1945).

Precious metal investment

Precious metal investment

Thursday, 6 February 2014

Max Keiser’s ‘MaxCoin’ to Debut as Newest Bitcoin Alternative

Another day, another altcoin — alternative to bitcoin — is launching.
That may or may not be an overstatement, but the cryptocurrency
community welcomes new altcoins for its mining, trading and speculative
opportunities.

MaxCoin is the first celebrity altcoin created by a
journalist/bitcoin advocate. Max Keiser is a cryptocurrency financial
journalist and host of RT’s Keiser Report. He is not shy about railing
against mainstream financial giants for their misdeeds, especially since
the financial crisis.
“If regulators think BTC is problematic, they are about to face
their worst nightmare; a currency based on dissent and empowerment #Maxcoin“– Tweeted Keiser Wednesday.
In that regard, it is fitting that Keiser get his own altcoin. After
all, he has raged against central bankers — and peer-to-peer
cryptocurrencies amount to the ultimate revenge against centralized
currencies.
There is much potential for MaxCoin, with some reports predicting a
$20 million market cap in its first month. But it has significant
competition. CoinMarketCap.com has 87 altcoins listed behind bitcoin.
However, Keiser has a big web following and MaxCoin could take off
like Dogecoin, which has soared in popularity in a matter of weeks.
Dogecoin is No. 6 with a $56 million market cap.MaxKeiserTV has 39,000 subscribers. His “personal” twitter account has over 91,000 followers and the Maxcoin “official” twitter account – @maxcoinproject – already has over 5,000 followers.

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